Disclosures
Investment Objective. The Corgi SK hynix 2x Daily ETF (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of SK hynix Inc. (KRX: 000660) ("SK hynix" or the "Underlying Security"). The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. The Fund, the Trust, and the Adviser are not affiliated with SK hynix Inc., the Underlying Security, or any of their respective affiliates.
Investors should consider the investment objectives, risks, charges, and expenses of each Fund carefully before investing. This and other important information is contained in the prospectus for each Fund, which can be obtained without charge from corgiam.com or from the SEC at www.sec.gov. Read the applicable prospectus carefully before investing.
The Fund is newly organized and has no operating history. There can be no assurance that the Fund will grow to or maintain an economically viable size. It may take time for the Fund to attract sufficient assets and for an active secondary market for its shares to develop or be sustained, which could result in wider bid-ask spreads, increased trading costs, or trading at a premium or discount to net asset value.
The information on this site is for informational purposes only and does not constitute investment, tax, or legal advice. Please consult your own investment, tax, and legal professionals regarding your specific situation.
The Funds’ shares are expected to be listed for trading on Cboe BZX Exchange, Inc. (the “Exchange”). The Funds are not sponsored, endorsed, sold, or promoted by the Exchange. The Exchange makes no representation regarding the advisability of investing in any Fund and is not responsible for, nor has it participated in, the determination of the timing of, prices of, or quantities of Fund shares to be issued or in the determination or calculation of the equation by which shares of any Fund are redeemable. The Exchange has no obligation or liability in connection with the administration, marketing, or trading of Fund shares.
Corgi SK hynix 2x Daily ETF Risk. The Corgi SK hynix 2x Daily ETF seeks, for a single day, investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded American Depositary Receipts of SK hynix Inc. (SKHY) (“SKHY” or the “Underlying Security”). The Fund does not seek to achieve its objective for periods longer than a single trading day. Over periods longer than one day, the effects of daily compounding and the volatility of the Underlying Security will likely cause the Fund’s performance to differ, sometimes significantly, from 2x the Underlying Security’s return for the same period.
Single Issuer Risk. Because the Fund obtains exposure to a single issuer, performance is highly dependent on the price movements, earnings results, product developments, regulatory actions, litigation, executive transitions, and other idiosyncratic risks affecting SK hynix Inc. A material adverse event at SK hynix Inc. could result in substantial or near-total losses to the Fund, magnified by 2x daily leverage. The Fund uses total return swaps and other equity-linked instruments, which increase volatility and magnify losses, and is subject to correlation risk, counterparty risk, rebalancing risk, and market disruption risk. The Fund is non-diversified and concentrates exposure in a single issuer. Please see the Fund’s prospectus for a more complete discussion of these and other risks.
New Listing Risk. The Underlying Security began trading on Nasdaq on July 10, 2026 and has a limited U.S. trading history. Newly listed securities may experience significant price volatility, particularly in the initial period following listing. High volatility in the Underlying Security may have a significant negative impact on the Fund’s performance. Market volatility or disruptions in the trading of the Underlying Security may impair the Fund’s ability to obtain or maintain its desired exposure and could result in losses or wider bid-ask spreads. The cost of obtaining 2x exposure to a newly listed security may be high and will reduce returns.
New Listing Risk.The Underlying Security began trading on Nasdaq on July 10, 2026 and has a limited U.S. trading history. Newly listed securities may experience significant price volatility, particularly in the initial period following listing. High volatility in the Underlying Security may have a significant negative impact on the Fund’s performance. Market volatility or disruptions in the trading of the Underlying Security may impair the Fund’s ability to obtain or maintain its desired exposure and could result in losses or wider bid-ask spreads. The cost of obtaining 2x exposure to a newly listed security may be high and will reduce returns.
ADR and Foreign Issuer Risk. The Underlying Security is an American Depositary Receipt representing shares of SK hynix Inc., a company organized under the laws of the Republic of Korea. ADRs are subject to risks associated with the underlying foreign security, including political, economic, and regulatory developments in South Korea, currency exchange rate fluctuations between the Korean won and the U.S. dollar, differences in accounting and disclosure standards, geopolitical and trade tensions, and less liquid or more volatile local markets. Trading in the ADR may not fully reflect trading in SK hynix shares on the Korea Exchange, and time zone differences between U.S. and Korean market hours may contribute to price gaps and tracking deviations.
Unaffiliated Reference Issuer. SK hynix Inc. (SKHY) is not affiliated with, endorsed by, or sponsored by Corgi Strategies, LLC or any of its affiliates. Corgi Asset Management has no control over the business operations, capital allocation decisions, or securities filings of SK hynix Inc. References to SK hynix Inc. and SKHY are for informational purposes only and do not imply any affiliation, sponsorship, or endorsement. Corgi Strategies, LLC has derived disclosures herein regarding the issuer from publicly available sources it deems reliable and makes no representation as to their accuracy or completeness. SK hynix Inc. securities are subject to their own risks independent of this Fund, including risks specific to the semiconductor industry, cyclical memory chip pricing, rapid technological change, supply chain disruptions, intense global competition, and the issuer's regulatory environment.
Depositary Receipts Risk. The Fund may obtain exposure to SK hynix Inc. through instruments that reference sponsored depositary receipts, including American Depositary Shares (“ADSs”) and the American Depositary Receipts evidencing them, representing the common stock of SK hynix Inc. Depositary receipts are subject to many of the risks of the underlying common stock, plus additional risks. The market value of a depositary receipt may not track, and may diverge from, the price of the underlying common stock because the two trade in different markets, during different trading hours, in different currencies, and with different supply, demand, and liquidity characteristics. Holders of depositary receipts may have more limited rights than holders of the underlying common stock, including with respect to voting and the timing and receipt of distributions. Depositary receipts involve the credit, custody, and operational risk of the depositary bank and the custodian that hold the underlying shares; fees, charges, and expenses imposed by the depositary will reduce the value of, or returns associated with, the depositary receipts. A depositary receipt facility may be amended, suspended, or terminated, and ADSs may be delisted from a U.S. exchange or have their registration terminated, any of which could adversely affect the liquidity, value, and availability of the instruments the Fund references and the Fund’s ability to achieve its investment objective. Currency fluctuations between the U.S. dollar and the South Korean won will affect the value of depositary receipts.
Foreign Issuer Information Risk. SK hynix is a foreign issuer whose securities are not registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and SK hynix is not subject to the periodic reporting requirements of the Exchange Act. The Fund and the Adviser rely on information that SK hynix publishes or is required to make publicly available in its home jurisdiction, and on the exemption from registration under Section 12(g) of the Exchange Act provided by Rule 12g3-2(b) thereunder. To the extent the Adviser determines that material information about SK hynix is not available in English and generally made available to the public in the manner described in the Fund’s Prospectus, investors in the Fund may not be able to gather information on which to make investment decisions. In such circumstances, the Adviser will advise the Fund’s Board of Trustees of the circumstances, and the Board may make a determination to cease operations of the Fund. In such circumstances, the Fund may close out or liquidate its positions and distribute cash to shareholders, or the Board may take such other actions as it deems most appropriate for, and in the best interest of, shareholders under the circumstances.
Unaffiliated Reference Issuer. SK hynix Inc. (SKHY) is not affiliated with, endorsed by, or sponsored by Corgi Strategies, LLC or any of its affiliates. Corgi Asset Management has no control over the business operations, capital allocation decisions, or securities filings of SK hynix Inc. References to SK hynix Inc. and SKHY are for informational purposes only and do not imply any affiliation, sponsorship, or endorsement. Corgi Strategies, LLC has derived disclosures herein regarding the issuer from publicly available sources it deems reliable and makes no representation as to their accuracy or completeness. SK hynix Inc. securities are subject to their own risks independent of this Fund, including risks specific to the semiconductor industry, cyclical memory chip pricing, rapid technological change, supply chain disruptions, intense global competition, and the issuer's regulatory environment.
Leverage Risk. The Fund uses leverage to target approximately 2x the Underlying Security’s daily return. Losses are magnified relative to the Underlying Security. If the Underlying Security declines by around 50% during a trading day, the Fund could experience a near-total or total loss. The use of leverage increases volatility and the risk of rapid losses. Costs of obtaining and maintaining leverage, including financing charges embedded in derivatives, will reduce return.
Derivatives Risk. To the extent the Fund uses derivatives (e.g., total return swaps) to obtain exposure or for portfolio management, it is subject to counterparty, liquidity, valuation, leverage, and correlation risks. Derivatives can be more volatile than direct holdings and may increase exposure to certain market risks.
Compounding and Daily Rebalancing Risk. The Fund seeks 2x the Underlying Security’s return for a single day, measured from one NAV calculation to the next. Over periods longer than one day, the effects of daily compounding, the path of Underlying Security returns, and Underlying Security volatility will likely cause the Fund’s performance to differ, sometimes significantly, from 2x the Underlying Security return for the same period. During volatile or frequently reversing markets, returns may be lower than 2x the Underlying Security return for the period, and you could lose money even if the Underlying Security is flat or rises over the holding period.
Correlation Risk. The Fund seeks approximately 2x the daily performance of the Underlying Security but may not achieve perfect leveraged correlation. Fees and expenses, transaction and financing costs, the use of derivatives, market disruptions, corporate actions, and limitations on rebalancing can all cause performance to deviate from the 2x Daily Objective.
In addition, the fund is subject to general equity market volatility and may experience amplified fluctuation due to its industry concentration.
Investing involves risk, including possible loss of principal. There is no guarantee that any investment strategy or any Fund will achieve its objectives. Shares of the Funds are bought and sold on an exchange at market price and are not individually redeemable from the Funds. Market price will fluctuate, sometimes materially, and may be higher or lower than net asset value (“NAV”). Brokerage commissions, bid-ask spreads and other trading costs will reduce returns.
The Fund issues and redeems shares only in large blocks called “Creation Units” at NAV next determined after an order is accepted. Only authorized participants (“APs”) may transact in Creation Units directly with the Fund. Investors should contact their broker or financial intermediary to place trades.
This site is intended only for investors resident in the United States. Nothing on this website is an offer to sell, or a solicitation of an offer to buy, any security in any jurisdiction where such offer or solicitation would be unlawful.
Corgi ETF Trust I. Investment adviser: Corgi Strategies, LLC. Distributor: Paralel Distributors LLC. Member Firm. Paralel is unaffiliated with Corgi Strategies, LLC, The Corgi Company. © 2026 Corgi Strategies, LLC. All rights reserved.